Guyana’s foreign exchange crisis

Nov 05, 2026 Features / Columnists, Peeping Tom

(Kaieteur News) – Businessmen are complaining bitterly about the difficulty of obtaining foreign exchange to pay their overseas suppliers. They are equally distressed that, despite billions of US dollars in oil revenues, they must now pay between G$235 and G$240 to acquire US$1. This represents a substantial depreciation of the Guyana dollar against the US dollar and imposes an additional burden on the economy and consumers.

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Overseas suppliers are imposing interest charges on late payments. Others have reduced or withdrawn credit facilities previously extended to Guyanese importers. Businesses must therefore find additional working capital, pay more for their imports and pass some of these costs on to consumers.